Mizuho Raises Axalta Coating Systems (NYSE:AXTA) Price Target to $41.00

Axalta Coating Systems (NYSE:AXTA) had its price objective upped by Mizuho from $38.00 to $41.00 in a research report released on Tuesday, Benzinga reports. They currently have a buy rating on the specialty chemicals company’s stock.

AXTA has been the topic of several other reports. Robert W. Baird boosted their target price on Axalta Coating Systems from $35.00 to $40.00 and gave the stock an outperform rating in a report on Thursday, May 2nd. Royal Bank of Canada boosted their price objective on shares of Axalta Coating Systems from $39.00 to $42.00 and gave the stock an outperform rating in a research report on Friday, May 3rd. JPMorgan Chase & Co. boosted their price objective on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the stock an overweight rating in a research report on Thursday, May 2nd. Barclays boosted their price objective on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the stock an overweight rating in a research report on Thursday, May 2nd. Finally, BMO Capital Markets boosted their price objective on shares of Axalta Coating Systems from $42.00 to $45.00 and gave the stock an outperform rating in a research report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $38.23.

Axalta Coating Systems Stock Up 0.7 %

AXTA stock opened at $35.16 on Tuesday. The company has a quick ratio of 1.51, a current ratio of 2.07 and a debt-to-equity ratio of 1.92. The business’s 50-day simple moving average is $33.68 and its 200 day simple moving average is $32.81. The company has a market cap of $7.76 billion, a PE ratio of 31.68, a price-to-earnings-growth ratio of 0.88 and a beta of 1.51. Axalta Coating Systems has a twelve month low of $25.03 and a twelve month high of $36.76.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings data on Wednesday, May 1st. The specialty chemicals company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.08. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. Axalta Coating Systems had a return on equity of 21.82% and a net margin of 4.77%. The company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.35 earnings per share. On average, research analysts anticipate that Axalta Coating Systems will post 1.99 earnings per share for the current year.

Hedge Funds Weigh In On Axalta Coating Systems

A number of large investors have recently modified their holdings of AXTA. Victory Capital Management Inc. boosted its stake in shares of Axalta Coating Systems by 1,856.6% during the 4th quarter. Victory Capital Management Inc. now owns 5,866,601 shares of the specialty chemicals company’s stock worth $199,288,000 after buying an additional 5,566,757 shares during the last quarter. Norges Bank bought a new stake in shares of Axalta Coating Systems in the 4th quarter valued at about $82,878,000. Locust Wood Capital Advisers LLC bought a new stake in shares of Axalta Coating Systems in the 4th quarter valued at about $66,346,000. Kinetic Partners Management LP bought a new stake in shares of Axalta Coating Systems in the 3rd quarter valued at about $40,603,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Axalta Coating Systems by 11.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,470,860 shares of the specialty chemicals company’s stock valued at $362,366,000 after purchasing an additional 1,415,723 shares during the period. 98.28% of the stock is currently owned by institutional investors and hedge funds.

About Axalta Coating Systems

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through two segments, Performance Coatings and Mobility Coatings.